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Property profile & analytics
OFF-MARKET Estimated value $1,945,000
Retail space

200 Palmetto Park Rdcu1 Boca Raton, FL 33432-5623

8,668 SF 1 ac lot Built 2009
Entity Owned 11-yr Hold Free & Clear
Property ID
US18-3858491
Property summary
AI-generated overview

This exceptional office property at 200 West Palmetto Park Road in Palm Beach County offers two available suites, ranging from 1,904 to 1,963 square feet. Located in a three-story, Class B building (21,424 square feet total), this space is ideal for businesses seeking a blend of modern amenities and convenient location. The building, constructed in 1982 and renovated in 2020, boasts a contemporary aesthetic with open floor plans featuring exposed ceilings. Each suite benefits from the building's impressive features, including 24-hour access, convenient bus line access, and prominent signage opportunities. Ample surface parking is available with 76 spaces provided. The building's strategic location ensures high visibility and benefits from heavy daytime traffic. The typical floor size is 7,141 square feet, and the unfinished ceiling height is a generous 10 feet. The property's multiple tenancy structure offers flexibility and a vibrant work environment. This is a rare opportunity to secure modern office space in a desirable Palm Beach County location. The building's modern buildouts provide a ready-to-occupy environment, minimizing upfront costs and maximizing efficiency. Banking services are also conveniently located nearby.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2009
Construction CONCRETE BLOCKS
Total area 8,668 SF
Lot 1 ac (43,560 SF)
APN 06-43-47-29-63-000-0010
UPID US18-3858491
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Nunzia Alvergue, One Sotheby's International Realty Real Estate Agency
  • Niles D Justin Law Firm
  • 530, LLC Law Firm Financial Advisor
  • Two Wheel Associates LLC Law Firm
  • One Sotheby's International Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.26M
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$1.95M
Owner & transaction history
Steingar Properties LLC · 11 yrs held
Steingar Properties LLC
since 2014
3 recorded transactions
2014
$2.1M
2013
$700,000
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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